14 years

I'm looking for some advice if possible 
I left my ex husband 14 years ago, we had a joint mortgage and within the divorce we agreed on a transfer of equity to him. 
The mortgage disappeared from my credit file and that was that 
14 years gone last month when I left
Today I have received a notification to say there has been a change in my credit score. 
Unbelievably £58k default is showing, a mortgage! (I check my report regularly) 
My ex is up for eviction due to none payment 
My solicitors I used is no long open and i have no paperwork at all
How can they just sick it on my file after 14 years?

Comments

  • sourcrates
    sourcrates Posts: 28,865 Ambassador
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    Transfer of equity is an entirely separate issue to still being liable for the mortgage.

    You can`t just be taken off a joint mortgage agreement, when someone is removed from the title, they are also leaving the credit agreement that the mortgage represents.
    As with any credit agreement, you cannot simply step away from it, you first must resolve the debt you still owe.

    Did you do that ? or was it just a case of leaving your ex to make the payments ?
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • We agreed he had the house and make the payments 
    The mortgage was removed from my credit file over 10 years ago
    He has got into debt and an eviction notice has been given, it's been passed to a debt collection company and they are the ones sho has put it on my credit file 
  • We agreed he had the house and make the payments 
    The mortgage was removed from my credit file over 10 years ago

    But did he remortgage on his own?

    You'd have been advised if you redeemed the mortgage. 

    Your credit files isn't necessarily an indicator of your liability.
  • I have no idea
    I moved miles away after my divorce so he couldnt find me 
    They mortgage disappeared on my file, he didnt and doesnt know where I live 
    This has just appeared yesterday after many years 
  • sourcrates
    sourcrates Posts: 28,865 Ambassador
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    edited 14 March 2023 at 7:51PM
    Debt collection companies cannot report to your credit file, debt purchasing companies can, as the debt will have been fully assigned to them, what is the company name ?

    It may very well be that you still retain joint and several liability for this debt if your name never came off the mortgage, just relinquishing equity, does not release you from liability for the debt.

    Has this debt company written to you at all ?
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • No, I have never heard of them until today. I didnt know anything at all about any of it
    They are Mars Financial Ltd
    I spoke with them today and they were very unhelpful 
  • LunaLater
    LunaLater Posts: 140 Forumite
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    From what you have written you were possibly never removed from the mortgage.

    Did you get written compensation from the lender that your name was removed? 
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
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    edited 14 March 2023 at 7:14AM
    I agree, it sounds as if the mortgage company are still owed the monies and you didn't go through the correct way to remove yourself from it so therefore a large debt is owed.

    Walking away from the debt, and your ex not being responsible, has meant that the mortgage was left to run/manage itself - which it can't - and now it needs repaying.

    This now requires a whole new set of discussions with all parties to resolve it.

  • Don't know where you are based, however the Divorce should have clearly dealt with the mortgage one way or another.  Do you still have any work pertaining to the financial details / settlement?  BiB x
    DF :grin:
  • sourcrates
    sourcrates Posts: 28,865 Ambassador
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    Mars Capital are a part of the Arrow Global Group of companies, they specialize in buying mortgage products that have fallen behind with payments, just to be clear, this is not a mortgage shortfall debt, yet, its not progressed that far, the account would appear to be still live.

    If your ex has stopped paying this, then nature will obviously take its course, and repossession will likely follow.

    You say they have not yet written to you, so my advice would be to stay off the phone, and see what happens going forward, you obviously don`t want to be paying for the roof over his head, so let the process unfold, and see if they write to you, if they do, let us know, and we can advise further.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
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